Foundations Investment Advisors LLC Buys Shares of 9,861 STAG Industrial, Inc. (NYSE:STAG)

Foundations Investment Advisors LLC purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,861 shares of the real estate investment trust’s stock, valued at approximately $385,000.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in STAG Industrial by 1,140.4% in the 4th quarter. Wellington Management Group LLP now owns 96,209 shares of the real estate investment trust’s stock worth $3,777,000 after purchasing an additional 88,453 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of STAG Industrial by 37.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 8,724 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 2,379 shares during the period. Claro Advisors LLC raised its holdings in STAG Industrial by 5.8% in the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 352 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in STAG Industrial by 14.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,660,562 shares of the real estate investment trust’s stock worth $63,832,000 after buying an additional 209,670 shares during the period. Finally, State of Michigan Retirement System grew its holdings in STAG Industrial by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 44,600 shares of the real estate investment trust’s stock worth $1,714,000 after acquiring an additional 1,000 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STAG has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays lifted their price objective on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and an average target price of $41.22.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG opened at $37.05 on Friday. The firm has a market cap of $6.75 billion, a PE ratio of 35.63 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $31.79 and a 52-week high of $41.63. The business’s 50 day moving average price is $39.02 and its two-hundred day moving average price is $37.44. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 142.31%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.